Bitcoin Forum

Plan for a Fair Monetary System

Contingencies:
- A public that is educated about the the Occult Economy, the history and system of central banking and fractional reserve banking and the negative effects this has on the economy (i.e. boom/bust cycles) and any related topics (9/11, etc.), as well as knowledgeable about alternative economic theory such as Austrian Economics.

- People are free to make their own "currency" if they wish. An example of this is Bitcoin. Note that the national currencies can still be allowed to exist.

- Interest rates need to be determined freely by the market. Central banks must be transparent and a lot less powerful. Banks must not have any special privileges.

- There is a nonexistant or very low tax burden which can also be paid with alternative currencies. People can "opt-out" entirely of the national currency.

- All levels of government are free of debt.


Milestones:
A) Broadcast shows on TV and publish articles in print magazines/newspapers about the Occult Economy, 9/11, and other relevant topics as explained above.

B) Conduct a complete and thorough audit of the Federal Reserve and other central banks. Make the entire results publicly available. Process any criminal behaviour thus revealed. Make further audits in future if necessary.

C) Repeal the legal tender laws.

D) Gradually increase the fractional reserve requirement for banks serving the national currency (e.g.. US Dollar) to 100%. Banks that do not serve any national currency (i.e. that only use alternative currencies such as Bitcoin) are exempt from all banking regulations.

E) Allow taxes to be also paid in alternative currencies other than the national currency. Phase out as much taxes as possible starting with the most complex and unfair ones.

F) Pay off all public debts and don't allow any new public debts.

agree with much of this. similar to http://www.positivemoney.org.uk/